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INSURANCETERMINATED

Town of Coventry Agenda Packet 2026-06-08

ECHIP Health Plan Termination and Reserve Requirement

$1,172,754 reserve for run-out claimsTown of CoventryECHIPJune 8, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Town and Coventry BOE will terminate their ECHIP health insurance plan on June 30, 2026, with a mandated $1,172,754 reserve for run-out medical claims through the end of the year. Final settlement will be determined once all claims are processed by December 31, 2026.

Contract Details

Contract Amount

$1,172,754 reserve for run-out claims

Vendor

ECHIP

Agency

Town of Coventry, CT

Contract Type

INSURANCE

Document Date

June 8, 2026

Contract Term

through December 31, 2026 (run-out period)

Renewal Date

2026-12-31

Renewal Info

Contract ends June 30, 2026; reserve required through December 31, 2026. Final reconciliations determine if unused reserve is returned or additional contributions are necessary.

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